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|Report of|the Trustees||1-11|
|Trustees|Responsibility|Statement|12|
|Report of|the Independent
Auditors||13-14|
|Statement|of Financial|Activities|15|
|Statement|of Financial|Position||
|Notes to the Financial||Statements|17-21|
|Detailed Statement
of||Financial
Activities|22-23|
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32Freemen's
Holt
Old Church Street
Leicester
Leicestershire
LE2 8NH||||||||
|---|---|---|---|---|---|---|---|
|Trustees||||||||
|Name|Role|||Date appointed|within|Date resigned|within|
|||||2023||2023||
|Lynn Roffee|Chair of Board|||||||
|Malcolm Ballard|Vice Chair of Board, Chair||of|||||
||General Purposes,|Chair of Property||||||
||and Estates|||||||
|Sue Freeman|Chair ofFinancefTreasurer,||Chair of|||||
||Welfare|||||||
|Susan Pallett|Vice Chair of Finance|||February 2023||||
|Christopher
Campbell|Vice Chair ofProperty and||Estates|||||
|Linda Norman|Vice Chair ofWelfare Committrm|||||||
|Susan Cave|Deputy|||||||
|Brian Mudford|Deputy|||||February 2023||
|Peter Bates|Deputy|||||||
|Barry Daniell|Deputy|||||||
|Maurice
Hill|Deputy|||||June 2023||
|Ross Norman|Deputy|||||||
|Andrew
Chawner|Deputy|||||||
|Robert Staines|Deputy|||||||
|Lucy Manship|Deputy|||||||
|Joseph Goddard|Deputy|||||||
|Jane Wildbore|Deputy|||||February 2023||
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||||||||||31/12/23|31/12/22|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted||Total funds|Total funds|
||||||||funds|Restricted|||
|||||||||fund|||
|||||||Notes|6|6|||
|INCOME AND ENDOWMENTS||||FROM|||||||
|Donations
and other||income|||||23,129||23,129|9,144|
|Chadtable|activities||||||||||
|Management|ofthe|Leicester Freemen's|||Estate||80,722||80,722|70,418|
|investment|income|||||2|201,045||201,045|203,358|
|Total|||||||304,896||304,896|282,920|
|EXPEND&TURE ON|||||||||||
|Raising funds|||||||||||
|Investment|management||costs|||3|15,670||15,670|16,765|
||||||||||15,670|16,765|
|Charitable|activities||||||||||
|Management|ofthe|Leicester Freemen's|||Estate||269,574||269,574|219,183|
|Governance|costs||||||7,999||7,999|5,915|
|Other|||||||2,525||2,525|4,190|
|Total|||||||280,098||280,098|229,288|
|Net gains/(losses)
on investments|||||||418,880|229|419,109|~764,265)|
|NET INCOME/(EXPENDITURE)|||||||428,008||428,237|(727,398)|
|RECONCILIATION||OF|FUNDS||||||||
|Total funds|brought forward||||||7,659,026|13,339|7(672365|8,399,763|
|Transfer of|funds||||||||||
|TOTAL FUNDS CARRIED FORWARD|||||||8,087,034|13,568|8,100,602|7,672,365|
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|||||31/12/23|31/12/22|
|---|---|---|---|---|---|
|||Unrestricted||Total funds|Total funds|
|||funds|Restricted|||
||||fund|||
||Not|6|6|||
||es|||||
|FIXEDASSETS||||||
|Tangible assets|8|1,328,706||1,328,706|1,049,505|
|investments|9|6,683,835|13,568|6,697,403|6,289,322|
|||8,012,541|13,568|8,026,109|7,338,827|
|CURRENT ASSETS||||||
|Debtors|10|26,867||26,867|51,622|
|Cash at bank and in hand||70,578||70,578|288,653|
|||97,445||97,445|340,275|
|CREDITORS||||||
|Amounts
falling due within one year|11|(22,952)||(22,952)|(6,737)|
|NET CURRENT ASSETS||74,493|13,568|74,493|333,538|
|TOTAL ASSETSLESSCURRENT LIABILITIES||8,087,034|13,568|8,100,602|7,672,365|
|NETASSETS||8,087,034|13,568|~8,100602|7,672,365|
|FUNDS|12|||||
|Unrestdicted
funds||||8,087,034|7,659,026|
|Restricted funds||||13,568|13,339|
|TOTAL FUNDS||||8,100,602|7,672,365|
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|INVESTM|ENT INCOME|||||||
|---|---|---|---|---|---|---|---|
|||||||31/12/23|31/12/22|
|||||||6||
|Dividends|received - Brewin|Dolphin||||72,444|80,712|
|Dividends|received - Other|Investments||||128,123|122,485|
|Deposit account interest||||||478|161|
|||||||201,045|203,358|
|INVESTMENT MANAGEMENT|||COSTS|||||
|||||||31/12/23|31/12/22|
|||||||6|5|
|Investment|portfolio management||costs|||15,670|16,765|
|AUDITORS' REMUNERATION||||||||
|||||||31/12/23
f|31/12/22
f|
|Fees payable to the charity's||auditors||for the audit ofthe charity's|financial|||
|statements||||||4.230|4,200|
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|The average
monthly
nu|mber of|em|ploy|ees|during the year wa|s as follows:|||
|---|---|---|---|---|---|---|---|---|
||||||||31/12/23|31/12/22|
|Support staff|||||||2|2|
|No employees
received|emoluments||m|excess of660,000.|||||
|All the employees
were|involved|in|providing||either support to the governance
ofthe Charity or support services to||||
|charitable
activities.|||||||||
|COMPARATIVES FOR THE STATEMENT|||||OF FINANCIAL ACTIVITIES||||
|||||||Unrestricted||Total funds|
|||||||funds|Restricted||
||||||||fund||
||||||||6|6|
|WCOME AND ENDOWMENTS||FROM|||||||
|Donations
and legacies||||||9,144||9,144|
|Charitable
activities|||||||||
|Management
of the Leicester Freemen's||||Estate||70,418||70,418|
|Investment
income||||||203,358||203,358|
|Total||||||282,920||282,920|
|EXPENDITURE ON|||||||||
|Investment
management|costs|||||16,765||16,765|
|Charitable
activities|||||||||
|Management
of the Leicester Freemen's||||Estate||219,183||219,183|
|Governance
costs||||||5,915||5,915|
|Other||||||4,190||4,190|
|Total||||||229,288||229,288|
|Net gains/(losses)
on investments||||||~763,875)|~390)|~64W5)|
|NET INCOME/(EXPENDITURE)||||||(727,008)|(390)|(727,398)|
|RECONCILIATION
OF|FUNDS||||||||
|Total funds brought
forward||||||8,394,047|5,716|8,399,763|
|Transfer offunds||||||(7,623)|7,623||
|TOTAL FUNDS CARRIED FORWARD||||||7,659,026|13,339|7,672,365|
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|TANGIBLE FIXE|DASSETS||||
|---|---|---|---|---|
|||Freehold|Plant and||
|||property|machinery|Totals
f|
|COST|||||
|At 1 January 2023
Additions
Disposals||1,463,759
314,071|91,609
3,318
~1,047)|1,555,368
317,389
~1,047)|
|At 31 December|2023|1,777,830|93,880|1,871,710|
|DEPRECIATION|||||
|At 1 January 2023
Charge for year
Eliminated
on disposal||419,146
35,196|86,717
2,207
~262)|505,863
37,403
~262|
|At 31 December|2023|454,342|88,662|543,004|
|NET BOOK VALUE|||||
|At 31December|2023|1,323,488|5,218|~1328706|
|At 31 December|2022|1,044,613|~4892|1,049,505|
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|FIXEDASSET INVEST|ME|NT|S||||
|---|---|---|---|---|---|---|
|||||Brewin|Other||
|||||Dolphin|Investments|Totals|
|||||Portfolio|||
|||||6|||
|MARKET VALUE|||||||
|At 1 January 2023||||2,835,783|3.453,549|6,289,332|
|Additions
to investment|at|cost||540,522||540,522|
|Disposals - Net proceeds||||(551,558)||(551,558)|
|Net unrealised
gains/(losses)|||on revaluation|(11,755)|250,677|238,922|
|Net realised gains/(losses)||on|disposal|180,185||180,185|
|At 31 December 2023||||2,993,177|3,704,226|6,697,403|
|At 31 December 2022||||2,835,783|3,453,549|6,289,332|
|DEBTORS: ANIOUNTS|FALLING DUE WITHIN ONE YEAR||||||
||||||31/12/23|31/12/22|
||||||5|5|
|Other debtors|||||21,025|47,464|
|Prepayments|||||5,842|4,158|
||||||26,867|51,622|
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||31/12/23|31/12/22|
|---|---|---|
||6||
|Taxation and social security|||
|Other creditors|493|934|
|Accruals|22,459|5,803|
||22,952|5,737|
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|||||||31/12/23|31/12/22|
|---|---|---|---|---|---|---|---|
|||||||6|E|
|INCOME AND ENDOWMENTS||||||||
|Donations
and other income||||||||
|Donations||||||1,262|880|
|Miscellaneous
income||||||2223|3,934|
|Insurance
claim||||||19,644|4,330|
|||||||23,129|9,144|
|Investment
income||||||||
|Dividends
received|- Brewin Dolphin|||||72,444|80,712|
|Dividends
received|- Other|Investments||||128,123|122.485|
|Deposit account interest||||||478|161|
|||||||201,045|203,358|
|Charitable
activities||||||||
|Bungalows - Weekly|Maintenance||Contributions|(WMC)||79,357|69,398|
|Accommodation
charges||||||1,365|1,020|
|||||||80,722|70,418|
|Total incoming resources||||||304,896|282,920|
|EXPENDITURE||||||||
|investment
management||costs||||||
|Investment
portfolio|management||costs|||15,670|16,765|
|Charitable
activities||||||||
|Wages||||||79,454|72,619|
|Pensions||||||2.293|2,102|
|Computer
expenses||||||1i311|1,850|
|Staff first aid course||||||358||
|Staff travelling
expenses||||||24||
|Telephone||||||807|454|
|Printing and stationery||||||2,380|2,058|
|Postage||||||1,545|1,693|
|Sundries||||||1,577|414|
|Estate management|-Repairs|||||91,582|65,327|
|Estate management|- Bungalow repair work -insurance||||claim|20,425||
|Estate management
Estate management|- Depreciation
- Profit on disposal offixed|||assets||2,208
(262)|2,239|
|Estate management|—Council rates, insurance|||||8,575|16,608|
|Estate management|-Gas/Elec/Water|||||12,759|16,446|
|Alarm monitoring
costs||||||5,513|3,336|
|Annual
inspection
dinner||||||838|748|
|Activities and eventS||||||3,350|5,295|
|Freehold
property -|Depreciation|||||35,195|27,994|
|||||||269,932|219,183|
|Other||||||||
|Charitable
payments||||||2,525|4,190|
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||FOR THE YEAR ENDED 31 D|ECEMBER 2023||
|---|---|---|---|
|||31/12/23|31/12/22|
|||5|5|
|Support Costs||||
|Governance costs||||
|Auditors'
remuneration||4,230|4,200|
|Deputies
travelling
expenses||2,146|1,339|
|Accountancy||394|376|
|Legal and professional|costs|871||
|||7,641|5,915|
|Total resources expended||295,768|245,053|
|Net income before gains and losses||9,128|36,867|
|Realised recognised
gains and losses||||
|Realised gains on investments||180,186|394,645|
|Unrealised
gains/(losses)|on investments|238,922|(1,158,910)|
|Net income/(expenditure)||~428 236|(727,398)|